What is Global Bicycle and Road Bike Market?
The Global Bicycle and Road Bike Market is a vast and dynamic sector that encompasses a wide range of products and services. It refers to the worldwide market for bicycles and road bikes, which are used for various purposes such as transportation, recreation, racing, and physical training. This market is not limited to a specific region or country, but rather, it spans across the globe, with numerous manufacturers, suppliers, and consumers participating in it. The market includes different types of bicycles and road bikes, such as electric and conventional bikes, and those made from various materials like aluminum and carbon fiber. The size of the bikes also varies, with options ranging from 20 inches to 27 inches. The Global Bicycle and Road Bike Market is a significant segment of the larger sports and fitness industry, and it plays a crucial role in promoting health and wellness, reducing traffic congestion, and providing affordable transportation options to people around the world.
by Control, Electric, Conventional, by Materials, Aluminum, Carbon Fiber, Others, by Size, 20 Inch, 24 Inch, 26 Inch, 27 Inch in the Global Bicycle and Road Bike Market:
The Global Bicycle and Road Bike Market is segmented based on control, materials, and size. In terms of control, the market is divided into electric and conventional bikes. Electric bikes are powered by an electric motor, making them an excellent choice for those who want to commute without exerting too much effort. On the other hand, conventional bikes are manually powered and are preferred by those who use bikes for exercise or sport. When it comes to materials, the market offers bikes made from aluminum, carbon fiber, and others. Aluminum bikes are lightweight and affordable, making them popular among casual riders. Carbon fiber bikes, meanwhile, are known for their strength and durability, which makes them ideal for professional cyclists. The market also caters to different size preferences, with bike sizes ranging from 20 inches to 27 inches. These options allow consumers to choose a bike that fits their body size and riding style perfectly.
Transportation Tools, Recreation, Racing, Physical Training, Others in the Global Bicycle and Road Bike Market:
The Global Bicycle and Road Bike Market serves various purposes, including transportation, recreation, racing, and physical training. Bicycles and road bikes are commonly used as transportation tools, especially in urban areas where traffic congestion is a major problem. They provide a cost-effective and eco-friendly alternative to motor vehicles, helping reduce carbon emissions and promote sustainable living. Bikes are also used for recreation, allowing people to enjoy outdoor activities and explore their surroundings. Racing is another area where bikes are widely used. Professional cyclists and biking enthusiasts participate in bike races to test their speed and endurance. Lastly, bikes are used for physical training. They offer a great way to improve cardiovascular health, build muscle strength, and boost overall fitness.
Global Bicycle and Road Bike Market Outlook:
The future of the Global Bicycle and Road Bike Market looks promising, with a steady growth rate projected in the coming years. In 2022, the market was valued at US$ 4181.4 million. This figure is expected to increase to US$ 5273.5 million by 2029, translating to a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2029. This growth can be attributed to various factors, including the increasing awareness about the health benefits of cycling, the growing popularity of bike racing, and the rising demand for eco-friendly transportation options. Among the different types of bikes, aluminum road bikes hold the largest market share, accounting for over 70% of the total market. This dominance is due to the affordability and versatility of aluminum bikes, which appeal to a wide range of consumers, from casual riders to professional cyclists.
| Report Metric | Details |
| Report Name | Bicycle and Road Bike Market |
| Accounted market size in 2022 | US$ 4181.4 in million |
| Forecasted market size in 2029 | US$ 5273.5 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Giant, Trek, Hero Cycles, Merida, Fuji Bikes, Xidesheng Bicycle, Accell, Specialized, Cannondale, Cube, OMYO, Shanghai Phonex, Grimaldi Industri, Trinx Bikes, Scott Sports, Derby Cycle, LOOK, Atlas, Laux Bike, KHS, Gazelle, Dorel Industries, TI Cycles, Bridgestone Cycle, Forever, Pacific Cycles, Samchuly Bicycle, Emmelle, Avon Cycles, Tianjin Battle, Flying Pigeon, Libahuang, DAHON, Cycoo |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
